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Project: | Blanket Mine | |
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Deposit: | Blanket Mine | |
Location: | Zimbabwe | |
Commodities: | Gold | |
Date: | 12/1/2014 | |
Report Code: | NI43-101 | |
Report Type: | PEA | |
Project Stage: | Active Mining & Production | |
Report details: | 1-12-2014: Caledonia Mining Corporation Plc announces a PEA report for its Blanket Mine deposit at the Blanket Mine project. PEA results on the Blanket Mine project. Minxcon (Pty) Ltd (“Minxcon”) was commissioned by Greenstone Management Services (Pty) Li | |
Resources: | (Reserve, P+P): 2.93Mt @ 3.67g/t Au at project | |
CP/QP: | [Resources]: Uwe Engelmann (Minxcon Pty Ltd.) | |
ABSTRACT: | Minxcon (Pty) Ltd (“Minxcon”) was commissioned by Greenstone Management Services (Pty) Limited (“GMS” or “the client”) to compile an NI 43-101 Technical Report on behalf of Blanket Mine (1983) (Private) Limited (“Blanket”) for its parent company Caledonia Mining Corporation (“Caledonia”), a Canadian registered company which is listed on the Toronto Stock Exchange (“TSX – CAL”) and on the AIM Market of the London Stock Exchange (“LSE−CMCL”) and also traded on the NASDAQ−OTCBB. GMS is a subsidiary of Caledonia that employs the South African based management that receives a management fee from Blanket. Following the implementation of indigenisation in September 2012, Caledonia owns 49% of Blanket; the other 51% of Blanket is held by Indigenous Zimbabwean shareholders including Blanket’s employees and management and the community in which Blanket is located. Blanket is incorporated in Zimbabwe and is the owner and operator of the Blanket Mine. | |
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